The U.S. Securities and Exchange Commission will take emergency action today to limit the ability of traders to bet on a decline in the shares of Freddie Mac, Fannie Mae and brokerages, the agency's chairman said.would this be a bad time to talk about how Islamo-Fascist-Zionist-Communists always start by nationalizing any section of the economy....
Christopher Cox told the Senate Banking Committee that the SEC will issue an order today imposing a ``preborrower requirement'' on short sales in the mortgage-financing companies and Wall Street firms. The requirement would prohibit the practice known as naked short selling, in which traders avoid the financial burden of borrowing shares when betting they'll fall.
``In addition to this emergency order, we will undertake a rulemaking to address the same issues across the entire market,'' Cox said in his remarks to the committee.
[ cf SEC to Limit Short Sales of Fannie, Freddie, Brokers (Update1) ]
Speaking of which, why did the evil liberals decide to Nationalize the war making industry???
Ever ask yourself why that was???
Thank GOD we have RoboBushCheney!!!
They not gotta resolve whether they support or oppose the Unitary Executive Principle, because as the manifestation of the Divine Will, they are beyond the reach of mere mortal reasoning!!!
Yeah, yeah, that's the ticket!!! That is why the Great Holy Warriors Are Wholly Warring against the evils of mere Rational THOT in a time of socializing the risk of those who are not very social!!!
ps: it is good to see that FINALLY someone is going to take the Naked out of Economics, and make our world a safer and more decent american america for Americans!!!